Do we have to pay taxes on a house that we gave up filing for chapter 7 bankrupsy 2 years ago?

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Would you be asked to put a mortgage on your house to pay your bills if you file for chapter 7 bankruptcy?

Answer . No. But if you have equity in your home it may not be the best approach.\n. \nA chapter 13 is designed for a situation where the person has equity or is behind on payments.\n. \nIn a Chapter 7 - You will be asked to pay the Trustee the value of the equity of your home... so if you have (MORE)

If you have filed Chapter 7 this year and your spouse has failed to turn over her tax refund can either of you be brought up on criminal charges?

Normally no. What is most likely to happen is that your bankruptcy will be dismissed for failure to comply with the Trustee's request for the documents. I agree with Nate; failure to produce the tax refund normally results in dismissal rather than in criminal proceedings. However, if one spouse com (MORE)

By filing chapter 7 will you lose your house?

That answer to that question depends on a couple of factors, and to WHOM you're talking about losing the home. LOSING THE HOME TO THE MORTGAGE COMPANY: If the house payments are behind, the mortgage company will still be able to forecose on the home even if you file Chapter 7, so the Chapter 7 may d (MORE)

In you are filing chapter 7 in New York can they take your tax refund even if you are putting it all toward paying for school?

This may not be helpful at all, but for what its worth... I have no idea what the exemptions are like in New York, but in Indiana, trustee's couldn't care less what the debtor intended to do with the refund check. Indiana law says you get to keep $100.00 of cash per debtor, period. Anything above th (MORE)

What do you have to do with your tax return money if filing chapter 7?

Answer . \nYou should wait until your refund is received and be sure to spend it on necessities or items that would be exempt anyway. Never file right before a large refund is due, the trustee will take it and apply it to your debt. In some cases you might have to wait to file Chapter 7 for quite (MORE)

Can you file for a tax refund while in a chapter 7 bankruptcy?

Filing Return While in Bankruptcy . Yes, you still have to file your taxes as usual. Any refund will probably be appropriated by the trustee and treated as a nonexempt asset, which will be used for repayment of creditors.. Adding As indicated, this is one of your assets and must be disclosed to (MORE)

If you filed Chapter 7 six years ago and it was dismissed but the credit bureaus will not take it off how do you get it removed?

Answer . A CHAPTER 7 BANKRUPTCY TAKES 10 YEARS BEFORE THIS IS REMOVED OFF OF YOUR CREDIT REPORT. THE GOOD NEWS THIS DOES NOT AFFECT YOUR CREDIT ANY LONGER!. . The above answer is not necessarily true . I filed Chapter 7 in 2003 and depending on what your state court's definition of "dismissed (MORE)

Can a creditor in a Chapter 7 bankruptcy filed 5 years ago that made no claim at the time demand the return of property?

Answer . \nIt doesn't matter when the bankruptcy was filed or whether they made or claim or not. What matters is if the creditor had a secured debt or a lien against your property at the time of filing. The reason is that liens survive bankruptcy; it is your personal liability that gets discharg (MORE)

You filed chapter 7 bankruptcy 3 years ago If you foreclose now on your house can they still come after you for money after a auction?

Answer . If you reaffirmed the debt during your bankruptcy case, or if you signed new mortgage/note paperwork after your bankruptcy, then they CAN generally come after you for a deficiency balance if the home does not sell for enough to pay off the debt.\n. \nIf you did NOT reaffirm the debt du (MORE)

You filed chapter 7 in California 6 years ago how long do you have to wait to refile in WA state?

Answer . Bankruptcy is a Federal matter, your State makes no differece. . Under the new bankruptcy law taking effect on October 17, 2005, Chapter7 cannot be filed unless the debtor was discharged from the previousChapter 7 or bankruptcy more than eight years ago. The debtor cannotfile a Chapte (MORE)

I filed chapter 7 bankruptcy 2 years ago can I now file chapter 13 to save my home?

Under the bankruptcy laws effective from October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more th (MORE)

You filed chapter 7 bankruptcy 6 and a half years ago you have to fill bankruptcy again don't make enough for chapter 13 payback. My spouse ran up credit cards what can I do?

Well it seems you absolutely must recognize you MUST change your ways...meaning ONLY BUY WHAT YOU CAN AFFORD THEN... no credit...no anything other than WHAT YOU CAN AFFORD. Bankruptcy is not part of a budget....it is supposed to be for an exceptional lifetime experience only. Spend less, work mor (MORE)

Can you file chapter 13 bankruptcy after filing chapter 7 bankruptcy only 6 years ago in California?

Bankruptcy is a FEDERAL case, the state has little difference..... Under the bankruptcy laws effective from October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago. The debtor cannot file a Chapter 13 unless: (MORE)

What can you use your income tax refund on if your filing chapter 7?

Until you file, your money is yours to use. Financial counseling would be an excellent choice.. However, you have debt obligations you promised to pay...that would be a good honorable place to use it. (If you don't think doing the honorable thing is important, then don't complain when others don't (MORE)

You and your husband filed chapter 7 2 years ago can you file again to get rid of mounting medical bills?

Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago.. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more th (MORE)

You filed chapter 13 six years ago then converted to a 7 can you file a 7 again?

Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago.. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more th (MORE)

Under grave circumtances can you file a chapter 7 if you filed a 13 that you converted 6 years ago?

Catch on. Bankruptcy, in fact simply not paying any bill you legally swore you would, is always a grave circumstance. Especially always for those who don't get paid what they were supposed to and have to find other ways to feed their family, pay the rent, or employees, or suppliers...etc. Apparently (MORE)

You still owe on a chapter 13 plan for 2 more years should you file a chapter 7 to just clear up the debt?

No. You should be an honorable person and pay your debts.. ans . I like the first response. And realistically, you may well escape many debts at the conclusion of a C 13...as they frequently don't pay off everything anyway.. But, a question like this is exceptionally situational...and the first t (MORE)

After filing chapter 7 about 4 years ago when can a person file chapter 13?

Under the bankruptcy law effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than (MORE)

How do you file bankrupsy?

Bankruptcy or bk begins with document gathering. Documents such as your last 2 to 3 years tax returns, a minimum of 6 months pay stubs with YTD earnings, w2's, Basic info of debtor and joint co-debtor that includes ssn of debtor, and any summons and complaints and request for moneys or related cases (MORE)

Can you file chapter 7 if you filed chapter 13 two years ago?

Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago.. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more th (MORE)

What chapter should I file if my house has already been Foreclosured on and I fiiled chapter 7 7 years ago?

Bankruptcy is handled in the Federal courts, in a district for your area. Some districts may use certain rules/definitions to help co-ordinate the process with local customs and laws, but the major things, like timing, are the same everyplace: . Under the bankruptcy laws effective on October 17, (MORE)

If I filed Chapter 7 bankruptcy 7 years ago can i file again?

Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago.. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more th (MORE)

You did a chapter 7 bankruptcy about 3 years ago can you file a chapter 13 now?

Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago.. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more th (MORE)

You filed chapter 13 7yrs ago can you file a chapter 7 now?

Under the bankruptcy laws effective on October 17, 2005, Chapter 7 cannot be filed unless the debtor was discharged from the previous Chapter 7 or bankruptcy more than eight years ago.. The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more th (MORE)

If you filed bankrupsy in 2004 can you still file again this year?

THIS QUESTION HAS BEEN ASKED AND ANSWERED MANY, MANY TIMES.. IT IS PART OF THE DATABASE HERE.. PROPERLY USING THE SYSTEM MEANS YOU WOULD HAVE GOTTEN THE ANSWER WITHOUT HAVING TO WAIT! (Or inconveniencing others and wasting valuable resources).. (And consider that if you don't understand how to us (MORE)

Do I file taxes from years ago that I didn't file?

You are always allowed to file taxes, even years after the fact. If you were required to file in a given year, you should file for that year. The statute of limitations does not start until after you have filed, so there is no time limit. Generally, you will not get a federal refund if you fil (MORE)

How can you keep your tax return when you file a bankruptcy chapter 7?

I assume you mean "how do you keep your tax REFUND when you file a chapter 7 bankruptcy?" A tax refund is an asset of the estate and, generally, the trustee will take it. There are two ways to avoid this, first way would be to delay filing your bankruptcy petition until after you have gotten your re (MORE)

How do you file taxes after chapter 7 and surrendering a house?

First, the only and best source of tax information is from a licensed professional who as reviewed all your financial information. The documents created in the Chapter 7 Bankruptcy, and any foreclosure or surrendering documents can be used to estimate any gains or losses occurred by the disposal (MORE)

After 7 years of filing Chapter 7 bankruptcy can a bank tell you that they won't pre-approve a mortgage unless you pay them the losses they had with the debt of your card during Chapter 7?

Yes, they can do that. The bank is asking for money that was discharged in the BK. The bank can always ask, but cannot force you, to pay back that money. So if you want a pre-approved mortgage with this particular bank, the back can ask that you pay the money form the BK. Your best bet would be to l (MORE)

How much in fees will you pay to file chapter 7?

Filing fee is $306. Pre-filing certificate for debt counseling, $50 or less and post-341 meeting certificate for financial management course, $50 or less. Legal fee to an attorney, $1,000 or more. Some states allow non-lawyer document preparation, often for $400-$900.

Can you lose your house if you file for a chapter 7?

Yes, if your equity in the house is greater than the exemption you can use and you cannot pay the trustee the difference, or if there is no mortgage on the house and its value is more than the exemptions. If you are current with your mortgage when you file and get behind on your mortgage during the (MORE)

How long do you have to wait to file chapter 13 bankruptcy in Louisiana after you filed chapter 7 bankruptcy in Arkansas a few years ago in?

Assuming the chapter 7 led to a discharge, you may be able to file chapter 13 immediately, but the automatic stay may not last long without a motion to extend it indefinitely. If the filing date of the 7 was 10 years ago, you should not have this problem. Not all bankruptcy courts have interpreted t (MORE)

Is it normal when buying a house to pay up front a year taxes and insurance?

No, typically if insurance and taxes are required in the loan by the lender they are part of the monthly bill. However, if you purchased property is a distressed sales (forclosure/short sale) and the current owner is delinquent on taxes those have to be paid before the county will register your dee (MORE)

Can i file Chapter 7 to get out of paying my ex for property settlement?

If that's the only reason to file for bankruptcy, probably not. ALL debts must be listed and treated equally, so if you want to get the ordered property settlement discharged, all your other debts must also be proposed for discharge. Even if you get a discharge on the property settlement, which may (MORE)